The yen, the other epicentre of the steep sell-off last week, was slightly weak at 147.435 per dollar, away from the seven-month high of 141.675 it hit on Monday last week.
Much of the yen’s moves in the past few trading days have been muted, allowing some semblance of calmness to return to the market and leaving investors wondering whether the unwinding of carry trade has concluded for now.
Investors will also watch out for comments from Federal Reserve Bank of Atlanta President Raphael Bostic who is due to speak later in the day, while European hours will likely be dominated by UK wage data.
Meanwhile, those turning up for Republican presidential candidate Donald Trump’s interview with billionaire entrepreneur Elon Musk had to wait a while before the session got going due to a lengthy delay caused by technical problems that kept many users from accessing the live stream.